New Oriental Education & Technology Group (NYSE:EDU) Releases Q4 2021 Earnings Guidance


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New Oriental Education & Technology Group (NYSE:EDU) updated its fourth quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $1.10 billion-$1.14 billion, compared to the consensus revenue estimate of $1.09 billion.

Several research firms have recently weighed in on EDU. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a sell rating to a hold rating in a report on Friday, March 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of New Oriental Education & Technology Group from $19.80 to $21.50 in a research note on Wednesday, April 21st. Citigroup increased their price target on shares of New Oriental Education & Technology Group from $19.80 to $21.50 in a research note on Wednesday, April 21st. TheStreet cut shares of New Oriental Education & Technology Group from a b- rating to a c rating in a research note on Thursday, April 15th. Finally, CLSA began coverage on shares of New Oriental Education & Technology Group in a research note on Thursday, April 15th. They set an outperform rating and a $18.70 price target on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $98.98.

EDU stock traded down $0.02 during midday trading on Tuesday, reaching $15.08. The company’s stock had a trading volume of 405,247 shares, compared to its average volume of 13,289,444. New Oriental Education & Technology Group has a 52 week low of $11.26 and a 52 week high of $19.97. The stock has a market cap of $25.85 billion, a PE ratio of 6.37 and a beta of 0.95. The business’s 50-day simple moving average is $15.39 and its 200-day simple moving average is $133.16.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Monday, April 19th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. New Oriental Education & Technology Group had a net margin of 10.85% and a return on equity of 12.98%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts predict that New Oriental Education & Technology Group will post 3.13 earnings per share for the current year.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English.

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